Sundar PichaiSundar Pichai earned $164M in 2023

Matt Maddox served as the CEO of Wynn Resorts from February 2018 until January 2022. He has a solid background in finance, holding a degree from the University of Nevada, Las Vegas. His leadership came during a tough transition time...

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Matt Maddox

Ex-CEO of Wynn Resorts

Education

Bachelor's degree in Finance from the University of Nevada, Las Vegas

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

October 6, 1975 - 49 years ago

CEO of Wynn Resorts for

3 years 11 months (Feb 2018 - Jan 2022)

Previous Experience

Chief Financial Officer of Wynn Resorts, Limited; various roles within the company since 2002

Holdings

See how much did Matt Maddox make over time.

Matt Maddox's stock holdings show significant fluctuations over the years. At his peak in early 2021, his holdings were valued around $60 million, reflecting a strong performance in the company's shares. However, as he transitioned out of the CEO role...

Total Stock Sold

$72.23M

WYNN

$72.23M

529,107 WYNN shares

What if they kept their stock?

If Matt Maddox didn't sell their stock, today they would have:
Extra WYNN529,107 shares worth $50.47M.
This is -30.13% and $21.76M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Matt Maddox.

WYNN

$1.85M

WYNN at $92.26/share

Jan 18, 2022

Sale

WYNN

29,137 shares

WYNN

Jan 11, 2022

Received

WYNN

$1.80M

WYNN at $90.08/share

Dec 23, 2021

Sale

WYNN

65,724 shares

WYNN

Jan 11, 2021

Received

WYNN

$5.66M

WYNN at $113.18/share

Dec 30, 2020

Sale

WYNN

24,501 shares

WYNN

Aug 18, 2020

Received

WYNN

32,071 shares

WYNN

Mar 23, 2020

Received

WYNN

180,000 shares

WYNN

Feb 26, 2020

Received

WYNN

53,324 shares

WYNN

Jan 14, 2020

Received

WYNN

$3.02M

WYNN at $120.66/share

Dec 2, 2019

Sale

Compensation History

See how much did Matt Maddox make over time.

In 2022, Matt Maddox's total compensation was reported at $7.98 million, significantly lower than his previous year earnings of $12.93 million as he transitioned out of the CEO role. This compensation included a salary of $153,846 and over $10 million in vested stock as part of his exit agreement. His earlier years saw much higher figures, like $24.57 million in 2020, supported by a lucrative structure that combined salary, bonuses, stock awards, and other benefits. The compensation was aligned with company performance and strategic goals, highlighting a focus on both short and long-term financial health. The transition agreement he negotiated ensured he still received substantial compensation as he wrapped up his time with the company, reflecting how executives can strategically shape their exit packages.

Year

2022

Total Compensation

$18.28M

Salary

$153.85K

Board Justification

The compensation philosophy is designed to align the interests of executives with those of shareholders by tying compensation to performance metrics that drive long-term shareholder value.

Bonus

$0.00

Board Justification

No annual bonus was paid for the period of employment in 2022 as he transitioned out of the CEO role on January 31, 2022.

Other

$7.83M

Board Justification

Includes a cash payment of $3.0 million for eighteen months’ salary and a cash payment of $4.6 million representing 11/12ths of the annual bonus for 2021, as per the Maddox Transition Agreement.

Restricted Stock

$10.29M(117.92K common stock)

Board Justification

117,916 shares of stock vested on January 31, 2022, as part of the Maddox Transition Agreement, reflecting a pro-rata share of restricted stock previously granted.

Performance Metrics

The performance metrics for the CEO's compensation were primarily based on company performance and strategic goals, including the successful transition and management of the company during a challenging period.